The share of glutinous rice in Vietnam’s total rice exports to China fell to 48%, from 74% in the same period in 2021.
Vietnam’s rice exports to China fell sharply in the first 7 months of 2022 by 27.5% in volume and 28.2% in value over the same period last year, reaching only 466,225 tons worth USD 242.74 million. The above trade information data from the Ministry of Industry and Trade also shows that the Chinese market is moving to reduce glutinous rice imports from Vietnam.
Vietnam is therefore the largest exporter of glutinous rice to China and this is also the number 1 market for the consumption of glutinous rice in Vietnam. The fact that China maintains the policy of “Zero Covid” blockade to prevent the epidemic has significantly affected the demand for glutinous rice, Vietnam’s main export category to this market.
Specifically, in the first 7 months of 2022, the export volume reached 223,464 tons, a sharp drop of 53% over the same period. The share of glutinous rice in Vietnam’s total rice exports to China fell to 48%, from 74% in the same period in 2021.
China’s market and demand for rice has been adjusted, affecting Vietnam’s rice exports
On the positive side, however, China has greatly increased imports of fragrant rice, especially ST21, ST24 rice from Vietnam. Vietnam’s fragrant rice exports to China increased by 58.6% to 188,459 tons in the seven months of 2022. In addition, Vietnamese exports of Japonica and white rice to China also increased strongly in the first months of the year.
Reuters quoted a source from the Chinese Ministry of Agriculture as saying that some areas in Jiangsu and Anhui provinces were severely affected by prolonged warm weather. The weather has calmed down after the recent rains, but rainfall is unevenly distributed and droughts persist. Meanwhile, Jiangsu and Anhui will account for about 11.5% of China’s grain production in 2021.
In its August 2022 report from the United States Department of Agriculture (USDA), the agency forecasts that China’s rice consumption will reach 156.6 million tons in harvest year 2022/23, a slight increase from 156.29 million tons in the previous year. year.
Notably, China is expected to remain the world’s largest rice importer with a record 6 million tons in 2023. China’s ending rice stocks are expected to fall by 4 million tons to 109 million tons in the 2022/23 season.
According to data from China Customs, Vietnam dropped by more than 27% in export volume to the third position in rice supply to the Chinese market (from number one in 2021), Vietnamese rice share in China also fell from 22.5% to 11.5%.
Instead, India rose to the top in rice exports to China at 1.5 million tons, a sharp increase of 2.6 times over the same period and accounting for 36.9% of China’s rice imports. In addition, China also increased more than 72% of rice imports from Pakistan and Thailand, and tripled the amount of rice imported from Laos…
Since the beginning of the year, China has ramped up imports of cheap broken rice from India and Pakistan to replace animal feed rations in the context of high wheat and barley prices due to the conflict between Russia and Ukraine. Overall, China imported 4.1 million tons of rice in the first seven months of 2022, a sharp increase of 43.3% compared to the same period in 2021. In it, China significantly increased rice imports from India, Pakistan and Thailand. , Laos… but reduce imports from Vietnam and Myanmar. In July 2022 alone, the country’s rice imports reached 500,000 tons, a 24.2% decrease compared to June 2022, but a 72.4% increase from the same period last year.
@ vietnamnet
